RIVERSIDE – Property owners and residents will benefit from a 5 percent increase in home prices, but that does not mean property owners will necessarily see a commensurate increase in taxes, according to Riverside County’s Assessor-County Clerk-Recorder.

Riverside County’s property assessment roll has been valued at $242.7 billion, a 5.78 percent increase from last year and the highest total assessment roll since 2008, Assessor-County Clerk-Recorder Peter Aldana announced today.

Riverside County today (Tuesday) cut away some red tape for homeowners who want to build guest homes and other accessory structures on their property, and at the same time helped address some countywide housing needs.